The purpose of this discussion is to describe what is involve in preparing an ATB, share tips on how to complete this step properly, compare and contrast an unadjusted trial balance (UTB) vs ATB, and exchange observations on what information must be included in the ATB in order for it be properly prepared.

Describe what is involve in completing the step. Please be as specific and detail as possible as if you were teaching a friend on how to complete the step properly. For example, prepare a heading which includes name of company, name of statement, and date of statement. Then list name of accounts in account-type order (1. Assets, 2. Liabilities, 3. Equity, 4. Revenues, and 5. Expenses), etc...

Compare and Contrast UTB vs ATB. What accounts are found in ATB but may not be found on UTB?